Explore the latest news, in-depth reports, and executive analysis tagged with #Softbank.
Recently he had faced allegations of violating corporate governance norms, which the bank later denied.
The fund has attracted backing from the Livelihood Impact Fund as well as prominent entrepreneurs, investors, and philanthropists such as Deep Kalra and Binny Bansal.
The appointments have been approved by the company’s board, and the Reserve Bank of India (RBI) has also cleared Samir Sawhney’s appointment as Executive Director.
The investment comes as the Sachin Bansal-led fintech firm prepares to file documents for initial public offering.
Sinha, currently an independent director at Airtel Payments Bank, will take charge from October 1 for a three-year term.
With the latest funding, the microfinance institution has raised Rs 70 crore in total funding during the current financial year ending on March 31, 2027.
BofA and Jio Financial Services have entered into a JV deal under which the US banking major will pick up shares through a preferential issue and warrants.
The offering is designed to comply with the accessibility requirements of the Reserve Bank of India (RBI) under BIS IS 17802 standards.
The bank's asset quality improved, with gross non-performing assets (NPAs) declining to 4.36% from 6.31% and net NPAs reducing to 3.24% from 4.66% as of June 30, 2026.
The RBI clarified that Tata Sons' inclusion is subject to the outcome of its pending application for deregistration as an NBFC.
The NBFC arm, Dhanrise Finance, is scheduled to commence lending operations in October 2026.
Chakraborty will oversee the Foreign Exchange Department as well as the Financial Markets Regulation Department.
July was defined by Trump's $1.4 billion crypto disclosure, while in India the RBI stuck to its long-held position on cryptos.
Succession planning is likely to remain an area that investors will watch over long term with Cult.fit IPO expected to be largely an OFS-driven liquidity event.
The surrender of the payments licenses comes even as Tata Digital says it is sharpening its focus on financial services.
The SoftBank-backed company's net profit, however, rose 21% increase to Rs 724 crore in FY26 from Rs 597 crore in FY25.
The court's directive follows the RBI’s decision to revoke Paytm Payments Bank's banking licence in April.
BharatPe objected to Unity Bank's proposal that sought to amend the MoA to facilitate the conversion of some 90 crore warrants into CCPS.
The move comes less than three months after the Reserve Bank of India formally cancelled Paytm Payments Bank's licence.
Flipkart Group’s UPI app super.money also witnessed surge in its number of transactions in October to 50 million.
